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Chipotle Mexican Grill, Inc. Message Board

  • bg_rox2001 bg_rox2001 Jan 18, 2012 3:47 PM Flag

    Shorted at $357

    Topped out - like every attempt to break through 350 in the past year. Chart this, draw a line at highs/lows over the past 6-8 months. Long term it is up and will probably hit 400 by summer, but short term, this is under strong resistance to climb further. I expect this to fall back to the $320 range before the next leg up.

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    • So, how are those short positions working for ya? Hahahahahaahahah

    • you got part of it right. the top is in, but option exp is friday so big boys are going to play with this and may create a fake breakout. earnings 2/1 will take it down sub 300 and long term will be sub 200.

      • 1 Reply to rlfadj
      • It is funny how self-doubt eventually starts creeping in-cognitive dissonance takes over-until (as the large in stitutions know)-the average investor BREAKS under the mounting pressure-I have seen it so many times and just ONCE, I want to pony up LARGE-yes, I can sybil (11 shares lol), walk-away, come back in three years and turn on the pc-or MAC in my case-and find that this is sub-30-tough to do

        Sentiment-VERY friggin SHORT and shorting incrementally to $1000 pps if that is the top-or close :)-and no all of you Glucosamine-Chondroitin fountain of youthers-my next shorts will be huge-R-my next short will be 80-see (my quantum background-doubling up on every short purchase)

        First short 10 shares
        Second short 20 shares
        Third short 40 shares
        Betcha Panic can't guess the next number in the sequence??

 
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